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Hungary producer prices drop 0.6% yr/yr

Hungary's industrial producer prices were up 0.8% in January from the preceding month and were down 0.6% from the same month of 2009 as the firmer forint pushed export prices lower in forint terms, the Central Statistics Office (KSH) said on Monday.

Industrial producer prices rose 0.1% month-on-month and 1.3% year-on-year in December.

Domestic industrial sales prices in January rose 1.8% from the previous month after no change in December. Domestic sales prices were up 1.6% from January 2009 after a 0.7% yr/yr rise - the first rise in five months - in December.

Forint-term exports prices dropped 0.1% in January from December after a 0.2% monthly rise in December. The export prices were down 2.7% yr/yr, after a 1.7% twelve-month increase in December.

The forint strengthened 1.4% to the euro and weakened 1% against the US dollar from December to January, and strengthened 3.8% to the euro and strengthening 10.9% against the dollar in one year.

Industrial prices rose 4.9% in 2009 after a 5.3% increase in 2008. (MTI-Econews)